Main Street Registry

Prabha Hospitality LLC

Halethorpe, MD · Hotels (except Casino Hotels) and Motels · NAICS 721110

Prabha Hospitality LLC is a hotel, motel and related lodging business located in Halethorpe, Maryland, classified under NAICS code 721110 (Hotels, except Casino Hotels, and Motels). The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,034,700, approved on July 23, 2025 by Celtic Bank Corporation, with the loan reported as creating 8 jobs.

SBA 7(a) loan, change of ownership, approved Jul 23, 2025

$2,034,700 approvedLender: Celtic Bank Corporation25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,034,700
SBA-guaranteed amount
$1,526,025 (75% of the approval)
Lender
Celtic Bank Corporation, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
July 23, 2050 (estimated, approval date plus term)
Estimated monthly payment
$17,777 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Baltimore County, MD
SBA district office
Baltimore District Office
Congressional district
MD-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 26% of acquisition loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average acquisition loan in Hotels (except Casino Hotels) and Motels: $3,241,374.
  • Average acquisition loan in Maryland: $1,627,337.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Maryland